U.S. Dollar Impacted by Budget Impasse

The U.S. dollar struggled to make any headway in Asia on Thursday, having lost ground overnight as the United States made little progress in averting a government shutdown next week or on raising the limit on its borrowing.

Further weighing on the dollar, U.S. Treasury yields slipped on the back of disappointing data that supported the outlook for accommodative monetary policy.

U.S. figures on Wednesday showed orders for long-lasting manufactured goods barely grew in August, while sales of new homes last month were near their lowest level of the year.


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